In short, there are (currently) no full-proof ways to prevent tax identity theft. However, you can dramatically reduce your risks of falling victim by filing your tax return as early as you can.  Read this article to learn more ways to safeguard your identity.

The IRS can seize your property, take money from your bank accounts, or sell your assets to  satisfy the balance due.  This is a levy of your property.

OWE BACK TAXES?

Our firm specializes in tax problem resolution. We serve clients virtually so don’t hesitate to reach out.  If you want an expert tax resolution specialist who knows how to navigate the IRS maze, reach out to our firm and we’ll schedule a no-obligation confidential consultation to explain your options to permanently resolve your tax problem

Whether you are due a refund or writing a big fat check to the IRS, there are some steps you should take after your return has been filed. In this article, we discuss three critical steps to take once the tax filing deadline has come and gone.

 

In this article, we walk you through IRS installment agreements and what to do if you can’t afford to pay your back taxes.  Though paying your taxes through an installment agreement is just one of many tax relief options, you likely have other options and might be able to settle with the IRS or lower your amount owed.  We encourage you to reach out to our firm for a tax relief consultation to determine your options.

With the coronavirus affecting taxpayers income and asset values dropping, it creates a favorable case for an Offer in Compromise. It’s important to structure it properly in order to have a good chance of settling for less than you owe. A qualified tax resolution firm like ours can help.

An experienced tax resolution specialist will have thorough knowledge of all the IRS programs, including the offer in compromise option.  Call us today for help.  (405) 721-8558.

Simply knowing that you have unfiled tax returns can be a source of stress. Even if you think you will continue to fly under the IRS radar, you never know when the tax agency could come calling. So do yourself, and your sanity, a favor by filing those back tax returns now; it is not as scary as you think.

The offer in compromise is a widely known, yet little understood, part of the tax code, and it can be extremely complicated to navigate. Not all taxpayers will qualify for the offer in compromise program, and even those who qualify may have trouble navigating the ins and outs of the IRS.

Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020! 

If you need any assistance from me during this time, feel free to get in touch with me by clicking here. 

It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It's important to remember that if you make mistakes that are serious enough, you might end up triggering an audit of your tax return or owe more in back taxes.

In difficult times, many families have trouble meeting their commitments. If you’re worried about the IRS garnishing your wages, levying your bank account or taking your home, then reaching out to our firm and getting a free, no-obligation, confidential consultation on your tax problem may give you some peace of mind.

Tax audit. It’s a phrase that can momentarily stop the heart of even the most even-keeled taxpayer. The thought of having our income taxes reviewed by the government and potentially having to pay an untold amount of additional taxes and penalties is frightening to most people.   If you’re in the middle of an audit or owe back taxes, contact us to schedule a free consultation. CONTACT US   Tax audits make even the most honest and straightforward people sweat and shake when meeting with auditors. Part of it is being in unfamiliar territory with unknown consequences. Part of it is feeling helpless in…